Examining Anomalous Factor Return In a Market With 90% Retail Trading (CHINA)
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 Export to Your Calendar 5/2/2018
When: Wednesday, May 2nd, 2018
3:00 PM to 5:00 PM
Where: TBD
United States
Contact: Tracy Canning

Online registration is available until: 5/2/2018
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Examining Anomalous Factor Return In a Market With 90% Retail Trading (CHINA)


This talk looks at factor investing using a novel and important dataset. The research examines the traditional behavioral anomalies documented in global data and examine whether they are also valid when applied to China A-shares.  The empirical study presented gives the audience insight into the behavioral mechanisms behind various anomaly factors. This talk is more than identifying anomalies in China or testing traditional factor methods using A-shares data; it gives the audience a deeper understanding into how behavioral factors arise in markets with na├»ve investors who make mistakes.


Jason Hsu, Founder & CIO, Rayliant Global Advisors

Jason Hsu is founder and CIO of Rayliant Global Advisors, a Hong Kong-based investment management group specializing in Quantamental investment strategies targeting emerging markets, especially Greater China.  Mr. Hsu also co-founded Research Affiliates, a $150B investment manager specializing in Smart Beta indices and asset allocation. He sits on the editorial board of the Financial Analyst Journal, the Journal of Investment Management, the Journal of Investment Consulting and the Journal of Index Investing. Jason is also an adjunct professor in finance at UCLA, and a visiting professor at Tsinghua University in China, Kyoto University in Japan and National Chengchi University in Taiwan. Mr. Hsu authored more than 40 journal articles and is a contributing author on 8 handbooks in finance and economics. He has won 2 Graham and Dodd Scroll Award awarded by the CFA Institute, 3 Bernstein/Fabozz-Jacob/Levy Outstanding Research Award and 3 William Sharpe Best Research Award. Institutional Investor recognized Mr. Hsu in 2008 as 1 of the 20 rising stars of the industry. He also co-invented the Fundamental Index, which won best index from the Global Pension Magazine in 2007, 2008, and 2009. Mr. Hsu received his Ph.D. in finance from UCLA Anderson School of Management, his M.S. degree from Stanford, and B.S. from Caltech.


$25.00 Member

$40.00 Non-Member

This event qualifies for 2 hours of continuing education credit for CFA Charterholders.

Cancellation Policy: Please contact tracy@cfa-sf.org with at least 24 hours notice to receive a full refund.